Biostax Corp (BTAX)

[noreen]

I want to say something about this "Marshall Faulk" note that was in the latest annual report, and has since been paid off (see PR on 4/12, and 8-k on 4/13).

Here's the 10-k...

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11967147

From the Notes Payable section...

Promissory notes issued in December 2015. Lenders earn interest at a rate of 10% per month. Notes are repayable on March 9, 2016. $30,000 of principal and $49,000 of interest and penalties were converted to 987,500 shares of common stock in 2016. The Company was unable to repay the remaining note at maturity and the note is in default. The Company is obligated to pay late-payment penalties totaling $5,000 per day on the remaining obligation.

This note was originally for $130k. The remaining $100k balance (after conversions) was in default for 13 months while the company was in default! This $100k note is the 2nd smallest note in the entire Notes Payable section! The company had lenders willing to lend the company money at much better interest rates!

This Marshall Faulk note required 10% interest per month!! Plus $5,000 penalties per day!! For 13 months!!! On only a $100k loan!! When we have investors willing to loan at 2% interest per year - see 4/12/17 PR and 4/13/17 8-k!!!!!

When this note was eliminated (4/12 PR and 4/13 8-k), the stock certainly reacted positively, so I think it's safe to speculate that there were investors that were scared by the note, until it was eliminated. And guess what, IMUN never had to pay any of these penalties after all as it was usury (illegal interest rates, which is why they ultimately don't have to pay them).

In my opinion, that's why Noreen or Peter can sign such a note, because they know the company will never have to pay such ridiculous interest rates, while at the same time it will serve their purpose of wanting to keep the stock price low. That's "Dump and Pump" for you. The "Dump" phase, though, is ultimately ONLY attached to the "Startup" phase of the company in a "Dump and Pump", theoretically speaking. Once we have our initial contracts (if they ever come), there should not be any more demotion at that point.

Now, I consider myself an "extraordinary investor" according to how an "extraordinary investor" is defined in the following link:

"Pump and Dump" vs. "Dump and Pump"

And if I were NOT an extraordinary investor, I would've been scared off into selling my shares for those 13 months that IMUN had such an outrageous note on their books!!! It is actually that I speculated the note was purposely there to scare investors that I did not sell! When in reality I should've sold, and bought back cheaper. But oh well, I've been an investor for over 2 years now, and have a very large position at a great average in my mind - $.069 now. I've bought a lot more this year, and when I originally bought in 2015, I got in at a good price as well.

If MOST PEOPLE are not extraordinary investors, then I would speculate that MOST PEOPLE would have stayed away from this stock for those 13 months (and before it too). Because they were "scared off" into thinking this was a stock to stay away from in my opinion.

In my speculative opinion, this stock seems that it is a "Dump and Pump" scheme, the opposite of "Pump and Dump". The link above defines D & P if you scroll halfway down.

If it is true that the management was involved in "demoting" the stock, then that means they have to be pretty damn confident it will one day be worth much much more. In my opinion.

Look at the graph of IMUN throughout 2017. There was CERTAINLY a lot of accumulation going on this year. The volume shows it.

Next point, here is the cash on hand for the trailing twelve months:

March 31, 2017 – $98k
Dec 31, 2016 – $74k
Sep 30, 2016 – $22k
June 30, 2016 – $64k

Now WHY in the WHY would IMUN continuously carry under $100k in the bank when the burn rate is $100’s of thousands per month? It is very clear that they do indeed have plenty of insiders willing to keep giving money. Well, in my opinion, if they keep the cash low, it will scare away investors, more evidence for why it’s about to rocket whenever these contracts do get here. Because the initial contracts, whenever they do arrive (if they do), should finally prove that this company is legitimate (in terms of the revenue stream they should generate and the value it produces), this stock should finally skyrocket when those contracts do come.

All of the other evidence backing up my opinion, you’ll have to read the 3000+ posts and figure it out on your own.

Hopefully, when we see initial contracts (if they ever come), the stock will increase dramatically. From that point, there will be years and years of good news to come. This stock is a long term GROWTH stock. Revenues will continue to increase quarter by quarter. Countries will continue to be added. Approvals will continue to be granted. This is what we all hope of course, but it seems likely.

In my opinion, the stock is HIGHLY UNDERVALUED RIGHT NOW. Of course, I believe that the reason the market has incorrectly valued this stock is because the market has been "tricked" in a sense by the management, if it is true that there was a purposeful "demotion" of the stock in the past. One can only speculate.